New Delhi, Sept. 29 -- The National Biodiversity Authority (NBA) has granted Rs 82 lakh to the Andhra Pradesh Biodiversity Board for the conservation of the endemic and economically significant Red Sanders tree, a government statement said today.
The move aims to nurture one lakh saplings of Red Sanders, which will subsequently be distributed among farmers to support the Trees Outside Forests (ToF) programme towards the preservation of this unique species indigenous to the region.
The funds have come from the benefit-sharing amount collected from commercial users of red sanders, thereby embodying the principles of the Access and Benefit Sharing (ABS) mechanism established under the Biological Diversity Act, 2002, as amended in 2023.
The ...